10600 Turner Dr, Austin, TX 78753
5 beds · 2 baths · 2,145 sqft
This is a home on a HUGE lot in a desirable area experiencing & amazing amount of development & growth. Featuring stone facade & native landscaping, you are welcomed into the front entry that features attractive wood-like tile flooring, designer arches & an open floor plan. The large family room features a stand-alone wood burning fireplace for ambience and atmosphere. Originally a Builder's personal home, this plan has 4 bedrooms downstairs w/ a set of 2 bedrooms on either side of the home for great privacy & space. The left side of the home is being used as the primary wing & the front bedroom could be an office, den, exercise room or nursery. In addition to the family room, there is a large game room at the rear of the home that features a wet bar & is a perfect space for play or relaxation. The kitchen is well-appointed w/ granite counters & good cabinet space + it's open to the dining room and has good flow to both living rooms. Upstairs, is a large retreat that could be another bedroom or bonus room with a huge closet. There is a nice, covered patio that overlooks the backyard & feels private given the large lot. At +/-0.45 acres, there is so much potential w/ this property! Create your dream outdoor space w/ a pool, sport court or potentially add other structures & truly take advantage of this uniquely large parcel. WITH THE RECENTLY PASSED HOME INITIATIVE, THE CITY OF AUSTIN IS ALLOWING MORE DENSITY & THAT MEANS THIS PROPERTY COULD YIELD UP TO 3 SEPARATE UNITS, MAKING THIS LAND VALUABLE FROM A DEVELOPMENT & INVESTMENT PERSPECTIVE AS WELL AS OFFERING A SUPERB HOME. Energy efficient features including a solar array that saves you money & several updated windows. Conveniently located near major thoroughfares, the Domain, Q2 Stadium, amazing restaurants, tons of shopping. Walk to the newly opened Braker location of the Austin Pickle Ranch, grab some Dim Sum or jalapeno ranch & a margarita at Chuy's, the options are endless in this growing corridor of Austin!
Source: ACTRIS #7616405
Source: ACTRIS #7616405
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #7616405